Azeri oil fund to lift investments in equities, Asian property

Azerbaijan’s state oil fund plans to double the proportion of equities in its investment portfolio and buy real estate in Asia next year, the fund’s executive director told Reuters, as it further diversifies its assets.
The $34 billion fund of increasingly wealthy Azerbaijan holds proceeds from oil contracts, oil and gas sales, transit fees and other revenues, and uses investment proceeds to help pay for social spending and infrastructure projects………………………………………..Full Article: Source